The proposed Fort Lauderdale (Fla.) Grand Prix, which would feature the IZOD IndyCar Series and American Le Mans Series, is hoping to gain a major piece of funding this afternoon. According to the South Florida Sun-Sentinel, commissioners in Broward County, Florida will decide today upon approving hotel-tax funds that would help promote the street race.

The Sun-Sentinel passes along word from the race’s promoters, Andretti Sports Marketing, that attendance could top 120,000 for the weekend and an economic impact of $70 million+ could be had. Fort Lauderdale and the South Florida market have been on INDYCAR’s radar for some time now; the series last raced in the region in 2010 at the 1.5-mile Homestead-Miami Speedway.